Day: July 29, 2023

Basic Attention Token to implement KYC-free on-chain payouts

In a recent community call, Basic Attention Token (BAT) founder Brendan Eich said the platform would implement on-chain BAT payouts without Know-Your-Customer (KYC). This development, he adds, is part of BAT’s ongoing roadmap, which aims to streamline rewards for Brave browser users while preserving their privacy. Introducing on-chain payouts represents a significant advancement for BAT. It offers users the convenience of receiving BAT rewards without revealing their identity. This could, in turn, enhance user experience. However, the ideal platform for on-chain payouts is still being discussed. Brendan said they are…

Privacy concerns raised as UK government advances Online Safety Bill

The U.K. Parliament is currently reviewing the Online Safety Bill (OSB) as a means of internet regulation. If approved, the government would be authorized to mandate messaging companies to create backdoors and require detailed reports of users’ online activity. As the bill approaches approval in UK’s highest chamber, the House of Lords, there are concerns about its potential consequences for global privacy and encryption standards. The bill’s critics argue that this approach may have implications for private conversations and could raise concerns about surveillance vulnerabilities. Stakeholders like the Electronic Frontier Foundation (EFF)…

What is InferKit AI? | Blockchain News

InferKit AI is an advanced artificial intelligence (AI) technology designed to generate human-like text based on the input provided. It’s a powerful tool that leverages the capabilities of machine learning and natural language processing to understand, interpret, and generate text that closely resembles human writing. Overview InferKit AI is built on a deep learning model, which allows it to understand and generate text in a way that is contextually relevant and grammatically accurate. It can be used in a wide range of applications, from content creation and copywriting to customer…

Shiba Inu Reclaims 14th Spot In Market After 5% Jump

boss

After a rough few months of slipping down the ranks, Shiba Inu is back in the top 15 cryptocurrencies by market cap. In the last 24 hours, the price of Shiba Inu has spiked in excess of 5%, allowing it to overtake cryptocurrencies like Wrapped Bitcoin and Bitcoin Cash to reach the 14th spot with a market cap of $4.8 billion. Shiba Inu Jumps 5% In 24 Hours, Reclaiming 14th Spot The price of the majority of cryptocurrencies seems to be plateauing in the past week, with some even losing…

Kansas Heartland Tri-State Bank closed by FDIC as banking crisis deepens

boss

The ongoing crisis surrounding the U.S. banking system struck again as Heartland Tri-State Bank of Elkhart was closed on July 29 by the Kansas Office of the State Bank Commissioner, with the Federal Deposit Insurance Corporation (FDIC) taking control.  On July 31, the four branches of Heartland Tri-State Bank will reopen as branches of Dream First Bank under normal business hours, the FDIC noted in a statement. Depositors of the failed bank will become customers of Dream First Bank, meaning that withdrawals, deposits, and loan transactions will be processed through…

Substituting cryptocurrency for gold exposure may be a costly mistake

boss

Viewing cryptocurrency as “digital gold” may be a mistake. State Street Global Advisors’ George Milling-Stanley, whose firm runs the world’s largest gold exchange-traded fund, believes cryptocurrency is no substitute for the real thing due its vulnerability to big losses. “Volatility does not back up any claims for crypto to be a long-term strategic asset as a competitor to gold,” the firm’s chief gold strategist told CNBC’s “ETF Edge” earlier this week. Milling-Stanley’s firm is behind SPDR Gold Shares, the world’s largest physically backed gold ETF. It has a total asset…

Wall Street supports senator’s push for strict crypto regulation

Senator Elizabeth Warren’s push for stricter regulations in the cryptocurrency ecosystem, particularly in the decentralized finance (defi) space, has gained support from bipartisan lawmakers.  The “Digital Asset Market Structure and Investor Protection Act” was recently reintroduced to address cryptocurrency-related crimes through more stringent policies.  The Bank Policy Institute (BPI), a trade group representing lenders, also supports the proposed bill. Regulating crypto like traditional banks  On July 28, Senator Elizabeth Warren, a Bitcoin (BTC) critic, joined forces with fellow senators to reintroduce the bipartisan legislation.  The bill mandates businesses to register with the…

Crypto payments on the horizon?

boss

Following the announcement of X’s (formerly Twitter) ads revenue sharing initiative, crypto exchange Kraken proposed the possibility of accepting payments in Bitcoin (BTC). The X community responded positively to the tweet, praising the suggestion as a welcome idea. VJ Crypto Guerreier said it would be incredible if X CEO Elon Musk could begin with Dogecoin (DOGE) for payments. However, ixela.lens, another user on the platform, responded, stating that for the time being, it might be more realistic to receive payments in “Web Money.“ After eager anticipation, X finally introduced its ad revenue-sharing…

Heartland Tri-State Bank collapses, FDIC steps in

The Heartland Tri-State Bank is bankrupt but the Federal Deposit Insurance Corporation (FDIC) has already stepped in to protect customer interests, reports on July 29 show.  This bankruptcy marks another bank failure in weeks following the collapse of First Republic in early May. According to reports, the FDIC has taken on the responsibility of protecting customer deposits by assuming all liabilities of Heartland Tri-State Bank.  A purchase and assumption agreement was also made between the FDIC and Dream First Bank of Syracuse, Kansas, to ensure a seamless transition. As a result, all…